v3.26.1
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
The following table presents the Company’s segment information:
Three Months Ended June 30, 2026Three Months Ended June 30, 2025
playGAMESplayAWARDSTotalplayGAMESplayAWARDSTotal
Net revenue
Virtual currency$41,886 $781 $42,667 $47,981 $227 $48,208 
Advertising12,316 — 12,316 11,128 — 11,128 
Other— 9 9 — 2 2 
54,202 790 54,992 59,109 229 59,338 
Segment expenses
Cost of sales10,743 78 10,821 14,539 24 14,563 
Payroll & related10,071 1,279 11,350 9,079 1,453 10,532 
User acquisition11,806 — 11,806 9,066 — 9,066 
Other(1)
10,109 362 10,471 9,950 1,138 11,088 
42,729 1,719 44,448 42,634 2,615 45,249 
Reportable segment AEBITDA$11,473 $(929)$10,544 $16,475 $(2,386)$14,089 
Other operating expense
Corporate and other$3,241 $3,375 
Restructuring expenses4,789 60 
Other reconciling items— (2)
Stock-based compensation2,354 4,608 
Depreciation and amortization9,709 9,535 
20,093 17,576 
Non-operating income (expense)
Change in fair value of contingent consideration
(2,480)169 
Interest income, net634 946 
Other expense(397)(367)
(2,243)748 
Loss before income taxes(11,792)(2,739)
Income tax expense(1,482)(209)
Net loss$(13,274)$(2,948)
(1)Consists of legal, rent, information technology, outside services, marketing, and other general and administrative expenses.
Six Months Ended June 30, 2026Six Months Ended June 30, 2025
playGAMESplayAWARDSTotalplayGAMESplayAWARDSTotal
Net revenue
Virtual currency$86,591 $1,324 $87,915 $98,673 $375 $99,048 
Advertising25,473 — 25,473 22,991 — 22,991 
Other— 14 14 — 8 8 
112,064 1,338 113,402 121,664 383 122,047 
Segment expenses
Cost of sales22,734 132 22,866 30,302 40 30,342 
Payroll & related20,082 2,767 22,849 18,254 3,020 21,274 
User acquisition28,499 — 28,499 19,223 — 19,223 
Other(1)
20,603 860 21,463 19,101 1,998 21,099 
91,918 3,759 95,677 86,880 5,058 91,938 
Reportable segment AEBITDA20,146 (2,421)17,725 34,784 (4,675)30,109 
Other operating expense
Corporate and other$6,851 $6,908 
Restructuring expenses9,441 1,395 
Other reconciling items7 1 
Stock-based compensation
4,738 8,866 
Depreciation and amortization19,542 19,167 
40,579 36,337 
Non-operating income (expense)
Change in fair value of contingent consideration
300 (156)
Interest income, net1,356 1,852 
Other expense(660)(739)
996 957 
Loss before income taxes(21,858)(5,271)
Income tax expense(2,092)(557)
Net loss$(23,950)$(5,828)
(1)Consists of legal, rent, information technology, outside services, marketing, and other general and administrative expenses.
Schedule of Reorganization Plan
The following table presents the charges for the 2026 Reorganization Plan, which is reflected in “Restructuring and related” in the Condensed Consolidated Statements of Operations:
playGAMESplayAWARDSCorporate and OtherTotal
Employee termination benefits
$1,461 $261 $565 $2,287 
Lease-related charges(1)
121 68 149 338 
Asset-related charges(2)
191 3 6 200 
Other
14 7 31 52 
Three months ended March 31, 2026$1,787 $339 $751 $2,877 
Employee termination benefits
1,741 — 93 1,834 
Lease-related charges(1)
635 (24)(62)549 
Asset-related charges(2)
302 11 27 340 
Other
120 6 15 141 
Three months ended June 30, 20262,798 (7)73 2,864 
Six months ended June 30, 2026$4,585 $332 $824 $5,741 
(1)Lease-related charges primarily represent accelerated amortization of operating lease right of use ("ROU") assets due to a change in useful life. See Note 11—Leases for further discussion.
(2)Asset-related charges primarily represent impairment and loss on disposal of property and equipment.
Schedule of Liabilities Associated with Reorganization Plans
The following table summarizes the activity related to the liabilities associated with the Company's reorganization plan:
Employee Termination BenefitsLease-Related ChargesAsset-Related ChargesOtherTotal
Balance as of December 31, 2025
$— $— $— $— $— 
Reorganization charges and adjustments4,122 887 540 192 5,741 
Non-cash charges(138)(837)(540)(30)(1,545)
Payments(1,703)(37)— (130)(1,870)
Balance as of June 30, 2026
$2,281 $13 $— $32 $2,326